RICE - Product Management Framework

RICE—which stands for Reach, Impact, Confidence and Effort—is a prioritization framework for quantifying the potential value of features, project ideas and initiatives. A RICE score helps product managers quantify the estimated value of a feature or project idea so they’re easier to sort when it’s time to decide the order they should be worked on.

RICE Score = (Reach * Impact * Confidence) / Effort

Source: Roadmunk , Medium 

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